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TitleGBPUSD H4 | Potential bearish reversal TypeBearish Reversal Preference:GBPUSD could reverse from the pivot at 1.2744, the pullback resistance and the price could fall to the 1st support, the overlap support at 1.26154, which aligns with the 61.8% Fibonacci retracement level. Alternative scenario:The price could breakout of the pullback resistance at 1.2744 and rise to […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed an Inverted Hammer reversal pattern on H4. Currently, the instrument could go by the reversal signal in an ascending wave. The pullback target might be 1.3255. Next, the price could rebound from the resistance and continue the downtrend. However, the quotes might drop to 1.3115 without […]
USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes are below the 200-day Moving Average on H4, revealing the probability of a downtrend. The RSI is testing the resistance line. In this situation, a downward breakout of 3/8 (142.18) is expected, followed by a price decline to the support at 2/8 (140.62). The scenario could be […]
TitleEURUSD H4 | Rising to Fibo level? TypeBullish Bounce Preference:The price could bounce off the pivot at 1.10293, the overlap support and rise to the 1st resistance at 1.10947, which is the 127.2% Fibonacci extension level. Alternative scenario: EURUSD could pullback from the overlap support at 1.10293, and the price could fall to the 1st […]
TitleNZDJPY H4 | Potential bearish reversal TypeBearish Breakout Preference:NZDJPY could continue the downtrend and break the pivot at 90.098, the overlap support, and reverse to the 1st support at 89.261, the multi-swing-low support, that aligns with the 61.8% Fibonacci projection level. Alternative scenario:The price could rise to the 1st resistance at 90.395, the overlap resistance. […]
EURUSD, “Euro vs US Dollar” EURUSD has completed a growth wave to 1.1044. A correction link to 1.1025 is not excluded today. Next, the growth wave might extend to 1.1056. Once this level is reached, a correction to 1.0993 might start, followed by a rise to 1.1088. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD […]